Johor Plantations Posts Lower Net Profit Of RM100.26 Mln In 3Q

KUALA LUMPUR, Nov 12 (Bernama) -- Johor Plantations Group Bhd posted a lower net profit of RM100.26 million for third quarter (3Q) ended Sept 30, 2026, compared to RM106.03 million in the same period last year, mainly due to lower sales volumes and higher production costs.

In a Bursa Malaysia filing, the palm oil producer said its internal crude palm oil (CPO) production cost increased by 13.5 per cent to RM2,526 per metric tonne.

Revenue slid to RM450.71 million from RM496.15 million in the year-ago quarter, mainly due to lower delivery volumes for CPO (down 15.9 per cent to 78,451 metric tonnes) and for palm kernel (PK) (down 10.4 per cent to 21,290 metric tonnes).

For the nine-month period ended Sept 30, 2026, the group reported a lower net profit of RM201.76 million against RM257.15 million in the preceding year’s corresponding period, weighed down by higher production and operating costs, together with lower finance income.

Revenue also declined to RM1.22 billion for the January-September 2026 period from RM1.23 million previously, mainly due to lower CPO and PK delivery volumes from the upstream segment, partially offset by higher delivery volumes from the midstream segment and higher average CPO and PK selling prices.

In a media statement, managing director Mohd Faris Adli Shukery said the group is committed to the disciplined execution of its accelerated replanting programme from 2026 to 2028, with a focus on improving long-term plantation productivity through superior planting materials and greater operational efficiency.

He said Johor Plantations is advancing mechanisation and adopting digital solutions across its estates and mills to enhance workforce productivity, improve product quality and traceability, and further strengthen our cost management efforts. 

“Looking ahead, we maintain a positive production outlook, supported by ongoing improvements in yields and operational efficiency.

“Nevertheless, we remain mindful of potential disruptions arising from adverse weather conditions, particularly with the onset of the monsoon season in November 2026,” he added.

-- BERNAMA